interest payments on the debt are expected to exceed $1 trillion this year
If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests... I ain't no economist but that seems like a lot.
The only good jews is the working class has already been squeezed really hard. We can't support that debt. The wealthy are going to have to start chipping in
I know in being optimistic here, but it's possible for another FDR-type era
I just saw a study that said if Trump continued on at this rate, he will be responsible for 55% of the national debt. And that was BEFORE the Iran War.
When we get these psychopaths out, and start to rebuild, we already know that they'll suddenly get fiscally conservative, and they'll pretend to be concerned about spending.
When that happens, just take theirs away. THEY are responsible for the debt, so if it bothers them so much, they should be the ones to make the sacrifice to pay it back.
Republican administration completely fucks up the budget, leaves office with massive deficit
Democrat administration spends the next 4 years cleaning up that clusterfuck
GOP tells it's dumbfuck base that it's all the Dems fault that their 1996 Dodge Ram 3500 gets 8 mpg and they're gonna fix everything
Dumbfuck republican voters fall for it, yet again, because they never passed the 9th grade and have been huffing diesel exhaust for the past 20 years
Dumbfuck masses rally and vote in another Republican administration
That cycle has gone on repeat over and over and over again for literally my entire lifetime. It's all I know. That has been my experience with with the US government, for my whole life.
Maybe if more people showed up and voted instead of bitching about the choices available, we wouldn't get a broligarch blowing republican in office every 4-8 years. Less than 70% of voters ever show up, so those of us who don't show up are also responsible for letting the republicans win every other cycle or so.
assume the dems are going to get in, given the recent events i dont see how some of them will get elected, with people like schumer/hakeems and the other dinos, NEWSOM is pretty unattractive right now . they are complicit to the GOP agenda, only AOC, bernie, and maybe some other is fighting it.
are people even going to remember what hakeem and schumer did in the next election, who they tried to shield when voting for the shutdown.
I kinda suspect that debts to people and companies within the US would mostly get erased. Because at the end of the day, money is a fictional thing we invented to make it easier to conduct trade. Odds are that we would take away the real valuables from the former elites - their buildings, land, assets, and finding jobs for honest workers at places that don't suck donkey.
We might be able to beg foreign nations to delay or restructure debts. Maybe. Depends on whether the diddler in chief presses the nuclear button.
so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing ..which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.
Not everyone got trapped in wage slavery, just the majority of you. Those of us who didn’t still care tho. We want you to have a drug dealers life style without having to sell drugs ❤️
I mean, there is the petite-bourgeoisie which can own their means of production and perhaps afford to pay a few others to work with per but are otherwise still oppressed by capitalism, albeit in a smaller way
I mean what’s the owner class? I own my house and my car. I own my own farm and water. I farm my own food/tobacco/pot. I own assets and participate in capital markets. I have never earned a wage from a capitalist so idk. We can have solidarity and want the same thing, but like I said not all of us are ‘wage slaves’. I used to have employees and none of them were wage slaves. All my employees paid off their college loans and bought houses, and still had disposable income to party.
Just for the sake of argument: It's possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that's roughly $504 of finished product per barrel (@ $12/gal).
That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we'd be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.
wouldnt it be pretty expensive to bio-convert plants/animals into fuel. instead of just extracting it from the ground. and not even including extracting it from things like corn.
M2 money supply actually had not increased for a while and only recently surpassed the previous peak in 2022. Meanwhile US debt and debt to GDP ratio increased modestly (and is in fact down from the COVID era peak 'thanks' to inflation) meaning that it's mostly the treasuries market that was funding the new debt (i.e. borrowing)
I disagree, according to my observation U.S. borrowed at least $69.7B per week 1 394,11 / 20
United States of America 3,5% 25/28 US91282CPC90 99.75 13/10/2025 USD 100 15/10/2025 3.50% 15/10/2028 59.08 bn
United States of America 3,625% 25/30 US91282CPD73 99.23 31/10/2025 USD 100 31/10/2025 3.63% 31/10/2030 74.02 bn
United States of America 3,5% 25/27 US91282CPE56 99.74 31/10/2025 USD 100 31/10/2025 3.50% 31/10/2027 72.96 bn
United States of America 3,75% 25/32 US91282CPF22 98.81 03/11/2025 USD 100 31/10/2025 3.75% 31/10/2032 46.53 bn
United States of America 0,000% 25/26 US912797SK41 97.28 03/11/2025 USD 100 30/10/2025 - 29/10/2026 52.80 bn
United States of America 3,5% 25/28 US91282CPK17 99.73 13/11/2025 USD 100 15/11/2025 3.50% 15/11/2028 67.03 bn
United States of America 4,625% 25/55 US912810UP11 96.67 17/11/2025 USD 100 15/11/2025 4.63% 15/11/2055 28.89 bn
United States of America 4% 25/35 US91282CPJ44 98.53 17/11/2025 USD 100 15/11/2025 4.00% 15/11/2035 48.54 bn
United States of America 3,75% 25/32 US91282CPM72 98.76 01/12/2025 USD 100 30/11/2025 3.75% 30/11/2032 49.03 bn
United States of America 3,5% 25/30 US91282CPN55 98.85 01/12/2025 USD 100 30/11/2025 3.50% 30/11/2030 70.00 bn
United States of America 3,375% 25/27 US91282CPL99 99.68 01/12/2025 USD 100 30/11/2025 3.38% 30/11/2027 76.89 bn
United States of America 3,5% 25/28 US91282CPP04 99.72 11/12/2025 USD 100 15/12/2025 3.50% 15/12/2028 58.00 bn
United States of America 0,000% 25/26 US912797TC16 96.78 06/01/2026 USD 100 26/12/2025 - 24/12/2026 52.30 bn
United States of America 3,875% 25/32 US91282CPQ86 99.48 02/01/2026 USD 100 31/12/2025 3.88% 31/12/2032 48.69 bn
United States of America 3,625% 25/30 US91282CPR69 99.38 02/01/2026 USD 100 31/12/2025 3.63% 31/12/2030 77.46 bn
United States of America 3,375% 25/27 US91282CPS43 99.67 02/01/2026 USD 100 31/12/2025 3.38% 31/12/2027 76.35 bn
United States of America 3,5% 26/29 US91282CQA26 99.91 13/02/2026 USD 100 15/02/2026 3.50% 15/02/2029 74.43 bn
United States of America 4,125% 26/36 US91282CPZ85 100.81 17/02/2026 USD 100 15/02/2026 4.13% 15/02/2036 53.90 bn
United States of America 4,75% 26/56 US912810UR76 0.00 18/02/2026 USD 100 15/02/2026 4.75% 15/02/2056 32.08 bn
United States of America 0,000% 26/27 US912797TV96 96.67 23/02/2026 USD 100 19/02/2026 - 18/02/2027 52.28 bn
United States of America 4,625% 26/46 US912810UT33 99.95 24/02/2026 USD 100 15/02/2026 4.63% 15/02/2046 17.92 bn
United States of America 3,375% 26/28 US91282CQB09 99.71 27/02/2026 USD 100 28/02/2026 3.38% 29/02/2028 77.27 bn
United States of America 3,5% 26/31 US91282CQD64 99.24 02/03/2026 USD 100 28/02/2026 3.50% 28/02/2031 78.39 bn
United States of America 3,75% 26/33 US91282CQC81 98.78 03/03/2026 USD 100 28/02/2026 3.75% 28/02/2033 49.27 bn
As a solitary meat popsicle with limited understanding of fucked up shit, at what "level" of fucked up shit is the US finally and officially "perma-fucked"?
Every time my meat popsicle brain thinks "That's probably the last straw" they find thousands more straws somewhere AND I DON'T GET IT.
That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)
As for when we'll see it? I think we have a "oh shit" world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.
If we avoid that fate somehow, then there probably won't be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can't afford the giant military we have which will be an existential crisis for a news cycle.
That's my attempt to read the tea leaves in the crystal ball.
I mean ya he's handing himself money and handing your grandchildren debt. They've been doing this around the clock since 2008. The government only exists to help billionaires steal your hard earned money.
It's certainly on my mind. I figure, I'll keep going as long as my wife's alive, she's worth the struggle. Once she's gone, it may be time for a revolving cylinder style exit
He fucked over his own chauffeur, and thousands of his contractors and employees. He's declared bankruptcy something like eight times, leaving investors with nothing. He's gone to court over a thousand times; no other real estate developer has these problems. Interestingly, his mentor was Roy Cohn, who had the same issue of skipping bills (coincidentally I am sure).
So, long story short for libbies, Trump will buy a company named "American Fury MAGA USA Friends" and transfer all the country's debt to it, and THEN that company will declare a new feature he's devised, called "Supreme Bankruptcy" which cannot be overturned by the Supreme Court because it's Supreme, too.
Problem solved, in your face commies
......
Related to this problem, our entire country's financial system is based on debt; we don't even control our own money. The FED is controlled by select appointed bankers, who practically all work for banks or are on the boards of banks and investment firms before and after their appointed terms.
The dollar is worth less every year for a reason, it's called profiteering. It's designed to collapse; with each collapse these same interests buy everything once prices are tanked. Then, they start the process again. Every year it gets exponentially worse because math is mean.
his bankruptcies are intentional to allow russia to money laundering through his properties. he also somehow ousted MARY TRUMP of the will of his parents too.
Well usually it's because the rewards when in points are usually a much better return than 1:1 or 2:1, which seems to be the best you'll get for cash back in most cases. Obviously, you can do more to get 3:1 or even 5:1 with cash but at that point you're jumping through almost as many hoops.
I tend to do cash back, but after learning about how to best take advantage of points through a couple of well known experts, I'm eyeing a travel card because I travel a lot both for work and personally, so points are a good idea for me.
That's not even to get into the concept of churning, which I don't do and wouldn't recommend if only for how annoying it seems to keep up with, but I've seen some pretty crazy points exploits by friends. When they started to explain the steps to get there though it sounds exhausting and I wonder if any of them still do it.
Years ago, I was on Reddit wanting to learn about making homemade butter, and found r/churning, which was all about maximizing the benefits of credit cards and switching credit cards to game them. It had a bit of a wallstreetbets vibe to it but more serious.
The US, like all governments, can simply create money. Unlike most commodities, modern currencies are gated only by the choice to do so. Just change the number in the computer. Trump can simply choose to create money and give it to himself. That's what he wants, which is why he's hounding the fed to reduce rates, so he can create more money. Then he just gives it to himself and his allies through some obvious scheme or direct it to his efforts, despite no congressional approval of the funds purpose. The massive increase in expenditures of the US government is just Trump printing money to give himself and his allies. It's insane to give someone like Trump control of a system whose only real barrier is a choice.
I feel like its also a big part of the reason inflation took off like crazy after his first term (some of the spending was a good idea due to Covid, but he spent on a lot more).
Really wishing I had bought gold when it was cheap...
To be fair, most of the inflation that we saw is just corporate greed.
There is nothing "fair" about this point. The government should be there to level the playing field, if corporations are getting too greedy, a tax hike could tone them down. The gov is entirely complicity either because they are too corrupt or too inept to set the rules (in the case of the Orange Pedophile, it's both)
So yes, Corporate greed is a problem, but that does not "free" the gov from responsibility
Yep. Every dollar printed causes inflation. Every dollar destroyed caused deflation. Trump is only interested in creating money for himself and exchanging it for other things of value. The dollar tanking is irrelevant once the money he prints is exchanged for other assets which hold their value against the inflation he's causing to buy things.
You can't pretend you are up against your own military when you have literally done nothing yet
But no worries, you take this lazy stand because you couldn't care less about the harm caused abroad as long as you can keep sipping your latte... but the USA is already falling off the cliff, you just prefer to keep your head in the sand a long as possible
Not as easy as marching on weekends to ensure minimum disruption while your country massacres school girls under the command of a pedophile... but certainly non of this if your concern
Sounds like you are already in precarious condition... if that did not make you act, I doubt you would for a bunch of murdered school girls in a country you likely cannot place on a map
have you been doing anything? if so, why are you upset that a random stranger says you are not... I am obviously not talking about you if you are indeed fighting in resistance
Elon should just purchase USA and make it his own private country. I think it's for sale now, based on what I've seen in the last couple of whiles ago.
Well that cant be good for the budget. I wonder why. The conservatives aren't outraged by this. Because they are a Bunch of two faced hypocritical assholes that why.
I prefer physical silver as a store of value personally. It's needed in everything from new solar panels, to those fancy AI GPU racks and to a lot of the missiles that are being fired right now. Every missile has like a min of 10oz of silver in them with some supposedly having 100s, and then they just explode... Plus it's shiny.
181 Comments
towerful@programming.dev · 213 pts · 164d
Sounds like there needs to be some sort of efficiency department set up
Aurenkin@sh.itjust.works · 58 pts · 164d
We can call it the Department Of Grifting Everyone
WolfmanEightySix@piefed.social · 156 pts · 164d
For healthcare? Education? Can’t possibly imagine what …
assembly@lemmy.world · 90 pts · 164d
Maybe they are secretly building a super efficient and expansive social safety net behind our backs and making it a surprise!!!!
Lemmyoutofhere@lemmy.ca · 30 pts · 164d
You are more likely to become soylent green.
Diplomjodler3@lemmy.world · 15 pts · 164d
Dammit! Now you made me hungry again.
fartographer@lemmy.world · 7 pts · 164d
Just nibble on your finger, Food!
otter@lemmy.dbzer0.com · 6 pts · 163d
From blood bag to sack lunch: the life & times of a pre-wasteland pleb.
hector@lemmy.today · 12 pts · 164d
No they are building a space ray to shoot down some planet we never heard of.
BigJohnnyHines@lemmy.ca · 16 pts · 164d
Probably earth honestly.
hector@lemmy.today · 15 pts · 164d
Well don't blame me, I voted for kodos.
FudgyMcTubbs@lemmy.world · 2 pts · 163d
Abortions for some, miniature American flags for others!
leoj@piefed.zip · 11 pts · 164d
space wall, but the aliens are paying.
assembly@lemmy.world · 3 pts · 164d
Are they paying directly for the space wall or are we collecting via tariffs again?
otter@lemmy.dbzer0.com · 4 pts · 163d
Poor Pluto. I've heard of you, baby.
FudgyMcTubbs@lemmy.world · 1 pts · 163d
Urectum
TheGoldenV@lemmy.world · 6 pts · 164d
It’ll be ready in just two weeks.
WolfmanEightySix@piefed.social · 4 pts · 164d
I hope so, for your sake.
BillyClark@piefed.social · 12 pts · 164d
You gotta be willing to spend if you want to build the biggest and best ballroom ever made.
ssfckdt@lemmy.blahaj.zone · 93 pts · 164d
Good thing the fiscally responsible party is in power
UnderpantsWeevil@lemmy.world · 20 pts · 164d
Gotta spend money to make genocides
OfCourseNot@fedia.io · 77 pts · 164d
If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests... I ain't no economist but that seems like a lot.
fahfahfahfah@lemmy.billiam.net · 41 pts · 164d
Gets worse when you realize it’s mostly the middle class paying it
OfCourseNot@fedia.io · 67 pts · 164d
There's no such a thing as 'middle class'. The working class is paying all of it.
fahfahfahfah@lemmy.billiam.net · 15 pts · 164d
Fair.
evenglow@lemmy.world · -4 pts · 164d
It's not fair. It's reality and exactly by design. It's always been a class war and rich people have been winning for a very long time.
fahfahfahfah@lemmy.billiam.net · 12 pts · 164d
I meant them correcting me saying “middle class” is fair
otter@lemmy.dbzer0.com · 5 pts · 163d
Breathe.
evenglow@lemmy.world · -3 pts · 163d
Reality doesn't breathe.
Taldan@lemmy.world · 1 pts · 163d
Chill.
jaybone@lemmy.zip · 2 pts · 164d
Is that a you, Mario?
graycube@lemmy.world · 14 pts · 164d
If we get some crazy inflation that won't be more than the price of a cup of coffee.
BananaOnionJuice@lemmy.dbzer0.com · 28 pts · 164d
Let's go for coffee I'm buying
FosterMolasses@leminal.space · 2 pts · 163d
Hahaha oh god...
douglasg14b@lemmy.world · 13 pts · 164d
It's actually worse than this if you just consider the number of working adults.
Which is about 165 million.
Which means every working adult is paying ~$500/m just on the interest.
Which.... Isn't working, at all, the US is cooked.
Taldan@lemmy.world · 1 pts · 163d
The only good jews is the working class has already been squeezed really hard. We can't support that debt. The wealthy are going to have to start chipping in
I know in being optimistic here, but it's possible for another FDR-type era
FudgyMcTubbs@lemmy.world · 2 pts · 163d
The only good WHAT?
UnspecificGravity@piefed.social · -2 pts · 164d
Its less when you realize that the debt is mostly held by American investors.
Taldan@lemmy.world · 1 pts · 163d
Makes me feel so much better knowing my hard-earned money is going to wealthy Americans /s
The working class is who pays disproportionately high taxes. The wealthy are the ones holding large numbers of bonds
BarneyPiccolo@lemmy.today · 75 pts · 164d
I just saw a study that said if Trump continued on at this rate, he will be responsible for 55% of the national debt. And that was BEFORE the Iran War.
When we get these psychopaths out, and start to rebuild, we already know that they'll suddenly get fiscally conservative, and they'll pretend to be concerned about spending.
When that happens, just take theirs away. THEY are responsible for the debt, so if it bothers them so much, they should be the ones to make the sacrifice to pay it back.
RandallFlagg@lemmy.world · 40 pts · 164d
That cycle has gone on repeat over and over and over again for literally my entire lifetime. It's all I know. That has been my experience with with the US government, for my whole life.
I'm tired, boss.
duncan_bayne@lemmy.world · 9 pts · 163d
Dumbfucks will always dumbfuck. Trick is to get the voters who stayed home. The numbers I found with a quick search ...
Trump won 49.8% of the popular vote.
Of the 65.3% of the eligible voters who voted.
Which means actually only 32.5% of Americans voted for him, in the sense of "could be arsed to get off the couch and cast a ballot".
That's an encouraging number to work with.
Vorticity@lemmy.world · 6 pts · 164d
And the pendulum swings harder every time...
Passerby6497@lemmy.world · 5 pts · 163d
Maybe if more people showed up and voted instead of bitching about the choices available, we wouldn't get a broligarch blowing republican in office every 4-8 years. Less than 70% of voters ever show up, so those of us who don't show up are also responsible for letting the republicans win every other cycle or so.
Brummbaer@pawb.social · 4 pts · 163d
It's the Two Santa Strategy, they have been doing that since Reagan.
https://www.salon.com/2018/02/12/thom-hartmann-how-the-gop-used-a-two-santa-clauses-tactic-to-con-america-for-nearly-40-years_partner/
Samskara@sh.itjust.works · 3 pts · 163d
Democrats meanwhile are incapable of appealing to a lot of voters.
Tollana1234567@lemmy.today · 3 pts · 164d
assume the dems are going to get in, given the recent events i dont see how some of them will get elected, with people like schumer/hakeems and the other dinos, NEWSOM is pretty unattractive right now . they are complicit to the GOP agenda, only AOC, bernie, and maybe some other is fighting it.
are people even going to remember what hakeem and schumer did in the next election, who they tried to shield when voting for the shutdown.
The_Almighty_Walrus@lemmy.world · 22 pts · 164d
They already pretended to care about spending and then some guy called Big Balls helped Elon Musk harvest all our data
M0oP0o@mander.xyz · 17 pts · 164d
I hate how that is not even a little taken out of context or exaggerated.
Tollana1234567@lemmy.today · 4 pts · 164d
remember russia hacked the moment doge got access to the SS/ and other data.
SabinStargem@lemmy.today · 7 pts · 164d
I kinda suspect that debts to people and companies within the US would mostly get erased. Because at the end of the day, money is a fictional thing we invented to make it easier to conduct trade. Odds are that we would take away the real valuables from the former elites - their buildings, land, assets, and finding jobs for honest workers at places that don't suck donkey.
We might be able to beg foreign nations to delay or restructure debts. Maybe. Depends on whether the diddler in chief presses the nuclear button.
BlackLaZoR@lemmy.world · 6 pts · 164d
Historically this is always solved through inflation. Always.
INHALE_VEGETABLES@aussie.zone · 6 pts · 164d
Link to study please please please
FosterMolasses@leminal.space · 0 pts · 163d
Lmfao, I hope you're not setting your calendars for 2 years from now.
Because that's not gonna happen.
BarneyPiccolo@lemmy.today · 2 pts · 163d
Oh, yes it is.
Wilco@lemmy.zip · 69 pts · 164d
Damn ... if only there was a department of government efficiency to stop insane and fiscally irresponsible shit like this.
Or ... we need a branch of government that "controls the purse" so crazy spending like this doesnt happen.
UnderpantsWeevil@lemmy.world · 14 pts · 164d
Actually, we did all those things and now America is Great Again
Wilco@lemmy.zip · 10 pts · 164d
Oh yeah! I forgot. Problem solved.
cdf12345@lemmy.zip · 6 pts · 164d
We’re not even as great as we were a week ago.
opus86@lemmy.today · 60 pts · 164d
Ah, Republicans. They make a huge deal about spending any time they are not in power and then spending like a drunk Sailor when in power.
core@leminal.space · 12 pts · 163d
Its a deliberate strategy they've used for the past 50 years. Its called the Two Santa's Strategy.
TronBronson@lemmy.world · 3 pts · 163d
There’s someone who knows history!!
FosterMolasses@leminal.space · 7 pts · 163d
Every accusation a confession
MrSulu@lemmy.ml · 57 pts · 164d
Overseen by man with significant history of refusing to repay loans.
FosterMolasses@leminal.space · 3 pts · 163d
Hahahahaha
Passerby6497@lemmy.world · 48 pts · 163d
Oh man, this must be that FiScAl ReSpOnSiBiLiTy I keep hearing about from the
reichrightexplodicle@sh.itjust.works · 8 pts · 163d
Even years ago, you could tell how honest the Tea Party people were by asking if they'd defund the police or military.
Smoogs@lemmy.world · 42 pts · 163d
so rather than just pay a tax like a socialist country would up front, US is now only just surviving on tariffing ..which is paid … by their own people ….as a tax. On top of whatever tax you already pay ……while digging more deficits.
kittykillinit@lemy.lol · 8 pts · 163d
You know, I used to think that "our children will have to pay for it" only applied to the working class.
Now I'm wondering if the people in power recognize how this might end badly for their offspring. I hope it does.
There's a 0% chance I'm going to slave away while some rich family's children live like gods.
Patrikvo@lemmy.zip · 21 pts · 163d
Man says he'll never do the thing he's been doing is whole adult life.
kittykillinit@lemy.lol · 5 pts · 163d
That's what you think.
TronBronson@lemmy.world · 3 pts · 163d
Not everyone got trapped in wage slavery, just the majority of you. Those of us who didn’t still care tho. We want you to have a drug dealers life style without having to sell drugs ❤️
nomy@lemmy.zip · 3 pts · 163d
Unless you're part of the owner class you're a wage slave too comrade.
Class consciousness is the only way out of this.
mghackerlady@leminal.space · 3 pts · 163d
I mean, there is the petite-bourgeoisie which can own their means of production and perhaps afford to pay a few others to work with per but are otherwise still oppressed by capitalism, albeit in a smaller way
TronBronson@lemmy.world · 1 pts · 163d
I mean what’s the owner class? I own my house and my car. I own my own farm and water. I farm my own food/tobacco/pot. I own assets and participate in capital markets. I have never earned a wage from a capitalist so idk. We can have solidarity and want the same thing, but like I said not all of us are ‘wage slaves’. I used to have employees and none of them were wage slaves. All my employees paid off their college loans and bought houses, and still had disposable income to party.
zebidiah@lemmy.ca · 4 pts · 163d
all while essential services dry up and wither at every level of government....
FosterMolasses@leminal.space · 41 pts · 163d
My esteemed congratulations to 1930's history enthusiasts.
You're about to relive it
TronBronson@lemmy.world · 11 pts · 163d
What do you mean bread costs 2 million riechdollars. I got a wheel barrel ready for my trump bucks
captainlezbian@lemmy.world · 10 pts · 163d
I'd say that history rhymes, first as a tragedy, then as a farce, but I know enough of the 30s to understand it was clown shoes then too
discocactus@lemmy.world · 36 pts · 164d
Just for the sake of argument: It's possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that's roughly $504 of finished product per barrel (@ $12/gal).
That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we'd be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.
Tollana1234567@lemmy.today · 5 pts · 164d
wouldnt it be pretty expensive to bio-convert plants/animals into fuel. instead of just extracting it from the ground. and not even including extracting it from things like corn.
discocactus@lemmy.world · 17 pts · 164d
About $12/gallon. If you count the real cost of oil (forever wars, climate catastrophe), it'd be more than that. That's my point.
GaMEChld@lemmy.world · 2 pts · 164d
Ah, your brain works like mine, it see the simple math everywhere.
Greyghoster@aussie.zone · 4 pts · 164d
That’s when we get into greenhouse effect, climate change, sea-level rise al brought to us by fossil fuels.
explodicle@sh.itjust.works · 2 pts · 163d
If they use plants, then it can be recently sequestered CO2, breaking even.
FosterMolasses@leminal.space · 5 pts · 163d
But how much profit would that generate for shareholders? /s
HeyJoe@lemmy.world · 29 pts · 164d
Thank god Doge found all that extra money.
Bamboodpanda@lemmy.world · 27 pts · 164d
They say anything to get into power. Literally anything. None of it matters and they know it.
HugeNerd@lemmy.ca · 24 pts · 164d
A billion here, a billion there, pretty soon you're talking real money.
brem@sh.itjust.works · 5 pts · 164d
...but what about the bones?
They should be used for broth, not to sharpen the dentures of a senile old racist...
SaveTheTuaHawk@lemmy.ca · 2 pts · 163d
This will have to be re-edited to ONE TREELLION DOLLARS.
technocrit@lemmy.dbzer0.com · 21 pts · 163d
Uggg this old trope.
It's not really "borrowing" when they print the money.
It's just another wealth transfer from the poor to the extremely privileged.
lbfgs@programming.dev · 3 pts · 163d
M2 money supply actually had not increased for a while and only recently surpassed the previous peak in 2022. Meanwhile US debt and debt to GDP ratio increased modestly (and is in fact down from the COVID era peak 'thanks' to inflation) meaning that it's mostly the treasuries market that was funding the new debt (i.e. borrowing)
pancakes@sh.itjust.works · 3 pts · 163d
With quantitative easing, the two are more similar than different
vane@lemmy.world · 18 pts · 164d
I disagree, according to my observation U.S. borrowed at least $69.7B per week 1 394,11 / 20
Town@lemmy.zip · 12 pts · 164d
Where do you source that data?
vane@lemmy.world · 8 pts · 164d
it's from Deutsche Börse
FosterMolasses@leminal.space · 1 pts · 163d
Nice lol
Reygle@lemmy.world · 17 pts · 163d
As a solitary meat popsicle with limited understanding of fucked up shit, at what "level" of fucked up shit is the US finally and officially "perma-fucked"?
Every time my meat popsicle brain thinks "That's probably the last straw" they find thousands more straws somewhere AND I DON'T GET IT.
TeddE@lemmy.world · 8 pts · 163d
That was back at the moment when Trump threw around enough tariffs to make countries with longstanding enmity sign direct trade deals with each other, cutting us out as the middleman. Those will never, ever come back (they were mostly forged in the wake of WWII, when the US had the only functional economy)
As for when we'll see it? I think we have a "oh shit" world stage moment if the US tries to attack Greenland, as Denmark will then have to defend - and then by chain of treaties WWIII kicks off.
If we avoid that fate somehow, then there probably won't be a specific moment - the US will over twenty or so years just slowly collapse in on itself and other countries will quietly start ignoring US while publicly paying lip service. … - There will probably be an event when we publicly can't afford the giant military we have which will be an existential crisis for a news cycle.
That's my attempt to read the tea leaves in the crystal ball.
Reygle@lemmy.world · 6 pts · 163d
I'm going to start fantasizing about 15 years from now being invaded by Canada and running out into the street to thank them for it
TeddE@lemmy.world · 3 pts · 163d
May the streets run red with maple leaves
T00l_shed@lemmy.world · 2 pts · 163d
Hey hoser, I'll be happy t'a meet ya there with a brewski.
Reygle@lemmy.world · 2 pts · 163d
We'll exchange brewskis, insult each others' brands, and shakes hands abouts it.
T00l_shed@lemmy.world · 2 pts · 163d
Sounds like a plan!
Sam_Bass@lemmy.world · 17 pts · 163d
Bigger shock is that somebody loaned him anything since his bankruptcies have been public knowledge for decades
TronBronson@lemmy.world · 14 pts · 163d
It’s the federal reserve loaning the government money, there’s no way they’re paying for all this in bond auctions.
Sam_Bass@lemmy.world · 3 pts · 163d
Still makes him a larcenous thief
TronBronson@lemmy.world · 9 pts · 163d
I mean ya he's handing himself money and handing your grandchildren debt. They've been doing this around the clock since 2008. The government only exists to help billionaires steal your hard earned money.
P1k1e@lemmy.world · 1 pts · 163d
Jokes on them, ain't no kids to have geandkids
TronBronson@lemmy.world · 2 pts · 163d
None of us are which is funny as fuck, but one of us will be the last generation of old farts with no kids to take care of us.
P1k1e@lemmy.world · 1 pts · 163d
It's certainly on my mind. I figure, I'll keep going as long as my wife's alive, she's worth the struggle. Once she's gone, it may be time for a revolving cylinder style exit
TronBronson@lemmy.world · 2 pts · 162d
Oh there’s always another bright moment to look forward too. I’m sorry to hear about your wife, cherish the time you have.
-a depressed guy with a stick in his eye
Mulligrubs@lemmy.world · 17 pts · 164d
Trump has never paid his bills a day in his life.
He fucked over his own chauffeur, and thousands of his contractors and employees. He's declared bankruptcy something like eight times, leaving investors with nothing. He's gone to court over a thousand times; no other real estate developer has these problems. Interestingly, his mentor was Roy Cohn, who had the same issue of skipping bills (coincidentally I am sure).
So, long story short for libbies, Trump will buy a company named "American Fury MAGA USA Friends" and transfer all the country's debt to it, and THEN that company will declare a new feature he's devised, called "Supreme Bankruptcy" which cannot be overturned by the Supreme Court because it's Supreme, too.
Problem solved, in your face commies
......
Related to this problem, our entire country's financial system is based on debt; we don't even control our own money. The FED is controlled by select appointed bankers, who practically all work for banks or are on the boards of banks and investment firms before and after their appointed terms.
The dollar is worth less every year for a reason, it's called profiteering. It's designed to collapse; with each collapse these same interests buy everything once prices are tanked. Then, they start the process again. Every year it gets exponentially worse because math is mean.
They don't even hide it.
https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm
Tollana1234567@lemmy.today · 2 pts · 164d
his bankruptcies are intentional to allow russia to money laundering through his properties. he also somehow ousted MARY TRUMP of the will of his parents too.
FosterMolasses@leminal.space · 2 pts · 163d
The best way to make money in that country is to steal.
corsicanguppy@lemmy.ca · 16 pts · 164d
Those $2-mil missiles add up fast.
idriss@lemmy.ml · 1 pts · 163d
lemmy_outta_here@lemmy.world · 15 pts · 164d
I hope they’re using a card with cash back, at least.
robocall@lemmy.world · 8 pts · 164d
I don't understand why anyone would select travel miles/points when cash can be spent on anything and doesn't expire.
lemmy_outta_here@lemmy.world · 3 pts · 164d
Agreed. Maybe the cash back can be used to forgive all student loans or end homelessness or something.
Whirling_Ashandarei@lemmy.world · 3 pts · 164d
Well usually it's because the rewards when in points are usually a much better return than 1:1 or 2:1, which seems to be the best you'll get for cash back in most cases. Obviously, you can do more to get 3:1 or even 5:1 with cash but at that point you're jumping through almost as many hoops.
I tend to do cash back, but after learning about how to best take advantage of points through a couple of well known experts, I'm eyeing a travel card because I travel a lot both for work and personally, so points are a good idea for me.
That's not even to get into the concept of churning, which I don't do and wouldn't recommend if only for how annoying it seems to keep up with, but I've seen some pretty crazy points exploits by friends. When they started to explain the steps to get there though it sounds exhausting and I wonder if any of them still do it.
robocall@lemmy.world · 1 pts · 163d
Years ago, I was on Reddit wanting to learn about making homemade butter, and found r/churning, which was all about maximizing the benefits of credit cards and switching credit cards to game them. It had a bit of a wallstreetbets vibe to it but more serious.
zebidiah@lemmy.ca · 13 pts · 163d
i'm starting to worry if lisa will actually be able to fix all this after he's gone.... i do not have much confidence in secretary millhouse
minorkeys@lemmy.world · 12 pts · 164d
The US, like all governments, can simply create money. Unlike most commodities, modern currencies are gated only by the choice to do so. Just change the number in the computer. Trump can simply choose to create money and give it to himself. That's what he wants, which is why he's hounding the fed to reduce rates, so he can create more money. Then he just gives it to himself and his allies through some obvious scheme or direct it to his efforts, despite no congressional approval of the funds purpose. The massive increase in expenditures of the US government is just Trump printing money to give himself and his allies. It's insane to give someone like Trump control of a system whose only real barrier is a choice.
Bluescluestoothpaste@sh.itjust.works · 7 pts · 164d
It's insane to have aomeone like trump outside of prison but here we are
minorkeys@lemmy.world · 3 pts · 164d
No disagreement here.
leoj@piefed.zip · 2 pts · 164d
I feel like its also a big part of the reason inflation took off like crazy after his first term (some of the spending was a good idea due to Covid, but he spent on a lot more).
Really wishing I had bought gold when it was cheap...
douglasg14b@lemmy.world · 6 pts · 164d
To be fair, most of the inflation that we saw is just corporate greed.
Which is clear given record corporate profits over the last several years. Year over year.
Jhex@lemmy.world · 1 pts · 163d
There is nothing "fair" about this point. The government should be there to level the playing field, if corporations are getting too greedy, a tax hike could tone them down. The gov is entirely complicity either because they are too corrupt or too inept to set the rules (in the case of the Orange Pedophile, it's both)
So yes, Corporate greed is a problem, but that does not "free" the gov from responsibility
minorkeys@lemmy.world · 3 pts · 164d
Yep. Every dollar printed causes inflation. Every dollar destroyed caused deflation. Trump is only interested in creating money for himself and exchanging it for other things of value. The dollar tanking is irrelevant once the money he prints is exchanged for other assets which hold their value against the inflation he's causing to buy things.
SabinStargem@lemmy.today · 12 pts · 164d
FosterMolasses@leminal.space · 2 pts · 163d
Classic, poor guy haha...
humanspiral@lemmy.ca · 11 pts · 164d
Over half of this was just to pay interest on previous accumulated debt.
FosterMolasses@leminal.space · 4 pts · 163d
Taking out loans to pay back loans, classic 5D chess.
Jhex@lemmy.world · 10 pts · 164d
Americans, is it in deep enough to react?
CADmonkey@lemmy.world · 15 pts · 164d
"Americans, why haven't you built a parallel system that can take on the strongest military in the world yet? It's been over a year."
Edit: see what I mean?
UnderpantsWeevil@lemmy.world · 3 pts · 164d
It's been over 60
But also, we keep paying one half of America to kill the other half. That's got a stabilizing effect
Jhex@lemmy.world · -1 pts · 163d
So maybe if you could not be responsible with it, you should have never had it.
Isn't that one of the excuses you use to keep bombing children around the world?
CADmonkey@lemmy.world · -1 pts · 163d
Yes another non-answer.
Jhex@lemmy.world · 2 pts · 163d
You can't pretend you are up against your own military when you have literally done nothing yet
But no worries, you take this lazy stand because you couldn't care less about the harm caused abroad as long as you can keep sipping your latte... but the USA is already falling off the cliff, you just prefer to keep your head in the sand a long as possible
HowAbt2day@futurology.today · 7 pts · 164d
A few more inches and the balls will be up there too.
thedeadwalking4242@lemmy.world · 6 pts · 164d
Oh buddy it's elbow deep and we haven't even whimpered
FosterMolasses@leminal.space · 3 pts · 163d
c/angryupvote
sturmblast@lemmy.world · 1 pts · 164d
Easy to say
Jhex@lemmy.world · 1 pts · 163d
Not as easy as marching on weekends to ensure minimum disruption while your country massacres school girls under the command of a pedophile... but certainly non of this if your concern
sturmblast@lemmy.world · -1 pts · 163d
Fuck you. Ignorant twat.
Jhex@lemmy.world · 1 pts · 163d
No, I am not Murican
StarryPhoenix97@lemmy.world · 0 pts · 164d
Let me post about it so I feel validated by being on the right side. That'll show em.
Marshezezz@lemmy.blahaj.zone · -2 pts · 164d
FosterMolasses@leminal.space · 3 pts · 163d
It's not their responsibility to bail you guys out.
At least not until you're officially wartime refugees. Keep in mind how long it took the US to step in and do anything about Nazi Germany.
Marshezezz@lemmy.blahaj.zone · 0 pts · 163d
Jhex@lemmy.world · 2 pts · 163d
Sounds like you are already in precarious condition... if that did not make you act, I doubt you would for a bunch of murdered school girls in a country you likely cannot place on a map
Marshezezz@lemmy.blahaj.zone · 1 pts · 163d
Jhex@lemmy.world · 1 pts · 163d
have you been doing anything? if so, why are you upset that a random stranger says you are not... I am obviously not talking about you if you are indeed fighting in resistance
Marshezezz@lemmy.blahaj.zone · 1 pts · 163d
Gammelfisch@lemmy.world · 9 pts · 164d
The Rothschild family and banks are delighted with the shit situation. They have the USA by the balls.
BigDanishGuy@sh.itjust.works · 9 pts · 163d
I didn't know the US was going to med school. That thing was expensive!
SoleInvictus@lemmy.blahaj.zone · 4 pts · 163d
Then you won't believe this: it's the Phil McGraw School of Medicine at RFK Jr. University. The dean is Dr. Mehmet Oz.
MonkderVierte@lemmy.zip · 9 pts · 163d
Are they now over 20 trillions in debt?
___@lemmy.blahaj.zone · 11 pts · 163d
Allegedly over $38.4 trillion (as of December 2025)
SaveTheTuaHawk@lemmy.ca · 3 pts · 163d
You can track it in real time to see just how fucked the US economy is.
https://www.usdebtclock.org/
phoenixz@lemmy.ca · 6 pts · 163d
20? That was years ago, no? It's somewhere in the deep 30s now
MonkderVierte@lemmy.zip · 1 pts · 163d
SaveTheTuaHawk@lemmy.ca · 5 pts · 163d
39 trillion
https://www.usdebtclock.org/
technocrit@lemmy.dbzer0.com · 3 pts · 163d
It's not really "debt" when the "debtor" prints the money.
MonkderVierte@lemmy.zip · 3 pts · 163d
Still consuming the countries future.
Kazumara@discuss.tchncs.de · 1 pts · 163d
It is really debt when it stays on the books and the debtor has to pay interest, and servicing all that debt consumes 15% of the budget.
BlackLaZoR@lemmy.world · 8 pts · 164d
They have a plan: They'll borrow money to pay the debts and to spend on top of that.
Literally infinite money glitch
melsaskca@lemmy.ca · 8 pts · 163d
Elon should just purchase USA and make it his own private country. I think it's for sale now, based on what I've seen in the last couple of whiles ago.
Tollana1234567@lemmy.today · 7 pts · 164d
no wonder they had to slash all the departments, and not keep the extended subsidies for healthcare.
Eddbopkins@lemmy.world · 3 pts · 162d
Well that cant be good for the budget. I wonder why. The conservatives aren't outraged by this. Because they are a Bunch of two faced hypocritical assholes that why.
definitely_AI@feddit.online · 3 pts · 164d
"I'll pay you back next week, man, I swear!"
technocrit@lemmy.dbzer0.com · 1 pts · 163d
Imagine if you could print money though.
robocall@lemmy.world · 2 pts · 164d
Archive link?
roserose56@lemmy.zip · 1 pts · 162d
It's not like the USA economy is bad, and now it's dead, but dead dead.
nibbler@discuss.tchncs.de · -3 pts · 163d
The headline is pointless without context, and I'm not going to read the article""!!!
sturmblast@lemmy.world · -13 pts · 164d
Buy bitcoin
Corkyskog@sh.itjust.works · 6 pts · 164d
I prefer physical silver as a store of value personally. It's needed in everything from new solar panels, to those fancy AI GPU racks and to a lot of the missiles that are being fired right now. Every missile has like a min of 10oz of silver in them with some supposedly having 100s, and then they just explode... Plus it's shiny.
sturmblast@lemmy.world · 2 pts · 163d
I have a bit of that too
ArmchairAce1944@discuss.online · 5 pts · 164d
Fuck crypto.
INHALE_VEGETABLES@aussie.zone · 1 pts · 164d
Cheer up mate she'll come right